Stock Market Update
27-May-25 14:30 ET
S&P 500 gains 2% as Hologic soars on buyout buzz; FICO tanks on regulatory risk
Dow +715.30
at 42318.37,
Nasdaq +449.29
at 19186.49,
S&P +116.36
at 5919.18
[BRIEFING.COM] The S&P 500 (+2.01%) is in second place on Tuesday afternoon, up about 115 points.
Briefly, S&P 500 constituents Hologic (HOLX 61.81, +7.53, +13.87%), Super Micro Computer (SMCI 42.55, +2.46, +6.14%), and Teradyne (TER 81.42, +4.44, +5.77%) pepper the top of the standings. HOLX jumps following a Financial Times report that TPG (TPG 48.09, +1.10, +2.34%) and Blackstone (BX 139.15, +3.03, +2.23%) made a buyout offer valuing the company at $16.3B–$16.7B, or $70–$72 per share
Meanwhile, Fair Isaac (FICO 1492.72, -201.64, -11.90%) is today's worst-performing constituent after the FHFA Director suggested upcoming decisions that could reduce or eliminate FICO's role in mortgage underwriting, raising serious regulatory risk. Heavy institutional selling followed the comments, overshadowing the company's new AWS partnership announcement.
